offered exclusively through Petersen International Underwriters
Pilots have always been a problem to insure for disability insurance. This is due in part to the nature of their job and the medical qualifications required to maintain their license. In the past, the majority of disability insurance companies have told pilots that they are “uninsurable” because there are too many factors that could cause them to lose their medical certificate. Due to strict FAA medical qualifications, many health issues that would allow employees in the traditional workplace to continue working would cost a pilot his or her license.
The Pilot Loss of License Disability Insurance plan was designed to assist in providing an adequate disability estate for the corporate pilot, aerial applicator pilot, cargo pilot, helicopter pilot, commercial pilots, charter operators, firefighting pilots, agricultural aviators, stunt pilots and test pilots.
If you are Commercial, Corporation Airline pilot or Helicopter, Aerial Applicator, Firefighter or Agricultural pilot or involved in Air Shows as a pilot this plan will provide the protection you need against Accident, bodily Injury, Sickness and Total Disablement.
While traditional disability insurance carriers have effectively turned their backs on this occupation, Petersen International Underwriters has designed a disability insurance plan that will cover pilots if they lose their medical certificate and are no longer able to fly.
Corporate aviation is a booming industry. Many corporate aviation companies want to attract the top pilots, but in most cases are unable to provide adequate disability insurance, or offer none at all. Now you can prescribe a solution by providing disability insurance coverage to your pilot clients through Petersen International Underwriters.
A loss of license insurance policy is one of the most crucial parts of a sound financial plan. A loss of license plan makes it possible for a suspended pilot to pay his or her mortgage and utilities bills, buy clothing and cover school costs for his or her children, as well as put food on the table every day. Cash flow is critical when you're unable to work for an extended period of time; Petersen International Underwriter’s Pilot Loss of License Plan will allow grounded pilots to maintain their standards of living.
• Loss of license based on your employer's Licensing Authority
• Pilot Loss of License Insurance provides exceptional benefits at affordable rates
• Provides monthly payments to keep your world intact until your medical certificate is reinstated
• If you are grounded as a result of an insured sickness or injury, benefits may pay up to 60 months
• Monthly benefit amounts from $500 to $25,000 per month
• Lump Sum for permanent loss of license